Sanjeev Aggarwal: So to add to that, Raji, your question on how do we see that in 2023 to 2024, right. So what we have done is, we have taken our STT-MRAM technology, and we’ve actually tuned it so that it actually extends our Toggle MRAM roadmap. So our Toggle roadmap basically ended at 16 megabit or 32 megabit parallel. And our serial was only at 1 meg and 4 megs and with a single SPI. So, by tuning this technology and making it similar to Toggle MRAM, we’ve now been able to actually extend the density all the way from 4 meg to 128 megabit, and I think that opens up markets for us. And I think that’s what’s going to lead to the growth in €˜23 and €˜24.
Operator: Thank you. And the next question comes from John Fitchman with Dialect Capital . Your line is open.
John Fichthorn: Thanks for taking my question. And nice to hear on tumultuous environment. I was just €“ you’ve answered a lot of my questions, but just hoping you could give a little more granular cover on this color and the shape of this year in max or however you’re comfortable talking about the growth path. You know, it looks like your customer concentration has dropped a lot, which is really encouraging and makes them think you’ve got a lot more customers and a lot more diversification in your revenue stream at this point, which seems like it should be more stable. You’ve got more visibility, you’ve got a lot of industrial design, should give you more visibility. You’ve got a decent backlog, you had greater design wins, all of these things make me think I’m looking at a business that has a base here from which it can grow.
So I just like kind of some thoughts on that. And then also, what does that you look like? Is it seasonal? Is it macro? Is it a pretty linear growth? And help us understand what kind of dynamics are kind of pushing for the growth path and you’re assuming there’s a growth path or do you think about the path along the pipeline, the visibility and that kind of diversified customer base you’ve got here if I’m kind of thinking about it the right way? Thanks.
Anuj Aggarwal: Yeah, hi, John. This is Anuj. Let me try to tackle it. If I miss something, let me know. So, just in terms of the full year, right, we typically only provide guidance for Q1. But what I can say is, directionally, you know, we’re not providing guidance, you know, we believe that there’s, you know, a potential for a recovery in the second half, as we kind of look at things. From a backlog standpoint, you know, continues to remain strong, we have a lot of good visibility into 2024. And like I was mentioning before, there is some uncertainty that we’ve seen because of the macroeconomic challenges within the semi industry, right. And so we have seen some push outs and cancellations. But that’s really been limited, right.
And as we look at the full backlog picture, we’ve been able to pull in a lot of demand from the big backlog that we have, right. So from that standpoint, things have been going well. In terms of your comments about customer concentration. Yeah, you’re absolutely right, as we’ve diversified into rad-hard businesses, as we’ve grown the Toggle business and got a lot more design wins. And now introducing the new 64 meg product as well, we’re starting to see the customer base really increase. So we went from 1,200 customers to about 1,300 customers in 2022. And so that customer base continues to increase. And as we get design win, we only expect that that to continue to improve, right. And so from a concentration perspective, you’ll see that we’ve reduced the concentration on our big data center customer quite a bit.
And that’s helped us to achieve some of the numbers that we’ve shared last few quarters. Did I get all that or did I did I miss the €“
John Fichthorn: Yeah, no, that was great.
